The Home Depot Foundation commits up to $2 million for Hurricane Helene relief
Rhea-AI Summary
The Home Depot Foundation has committed up to $2 million for immediate disaster relief in communities affected by Hurricane Helene. The Foundation is working with various nonprofit partners to provide essential support:
- Convoy of Hope and Operation Blessing are distributing food, water, and supplies.
- World Central Kitchen is providing meals in Florida, Georgia, and North Carolina.
- American Red Cross has opened shelters for over 9,000 people.
- Team Rubicon and Inspiritus are conducting damage assessments.
- ToolBank Disaster Services is supplying tools for cleanup efforts.
Team Depot, The Home Depot's volunteer force, is donating supplies and will assist in cleanup efforts across affected states. The Homer Fund is providing financial support to impacted Home Depot associates.
Positive
- Commitment of up to $2 million for Hurricane Helene relief efforts
- Collaboration with multiple nonprofit partners for efficient disaster response
- Demonstration of corporate social responsibility, potentially enhancing brand image
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, HD gained 1.42%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The Foundation's nonprofit partners are mobilizing teams and resources to assess damage, deliver relief supplies and begin cleanup and repairs, including:
- Convoy of Hope and Operation Blessing are establishing bases of operation across the Southeast to distribute food, water, hygiene items, cleaning supplies, meals and more to impacted communities.
- World Central Kitchen has been distributing meals in
Florida ,Georgia andNorth Carolina , while the American Red Cross has opened shelters to support more than 9,000 people in hard-hit areas. - Team Rubicon and Inspiritus are conducting damage assessments to determine where they can support with debris removal from roadways.
- ToolBank Disaster Services and its affiliates across
Florida are supplying tools and equipment to local organizations to support cleanup efforts.
Team Depot, The Home Depot's associate volunteer force, is donating relief supplies to nonprofits, first responders and government agencies, and volunteers will be on the ground in the coming days and weeks to help clean up in local communities in
"Our thoughts are with the communities that have been impacted by Hurricane Helene," said Erin Izen, executive director of The Home Depot Foundation. "The Foundation and Team Depot are working alongside our disaster relief partners to assist the people and areas impacted by this catastrophic storm."
The Homer Fund, The Home Depot's employee assistance fund, is providing immediate financial support to impacted associates in need of safe housing, food and clothing while displaced.
About The Home Depot Foundation
The Home Depot Foundation, the nonprofit arm of The Home Depot (NYSE: HD), works to improve the homes and lives of
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SOURCE The Home Depot Foundation